VOLUNTARY SEPARATION AGREEMENT AND GENERAL RELEASEVoluntary Separation Agreement and General Release • May 10th, 2006 • Wrigley Wm Jr Co • Sugar & confectionery products • Illinois
This Agreement is made and entered into this 1st day of May, 2006, by and between the Wm. Wrigley Jr. Company (the “Company”) and Mr. Ronald V. Waters (“Mr. Waters”), who has been employed as Chief Operating Officer. Mr. Waters has decided that it is in his best interests to elect early retirement from the Company. To bridge Mr. Waters to early retirement and to assist Mr. Waters in meeting his financial needs during this period, the Company has offered to supplement Mr. Waters’s benefits that have accrued under established, qualified and welfare plans with a voluntary individual severance program, and Mr. Waters has voluntarily accepted the offer. Mr. Waters and the Company are now desirous of effecting an amicable separation of employment.
